Critical Business Functions (CBF)

1. The Critical Business Functions or CBF are business activities and processes that must be restored in the event of a disruption to ensure the ability to protect the organization's assets, meet organizational needs, and satisfy regulations. BCM Planning Methodology BL-B-5 Click to know more Notes (1):These are business activities and information that should not be disrupted such that they impact the ability of the organization to achieve its Minimum Business Continuity Objective (MBCO). Notes (2): are those services provided to third parties, including customers, that are essential for the BSFI’s viability or the broader economy's functioning. (Source: Bangko Sentral ng Pilipinas (BSP) Guidelines on Operational Resilience) Related Terms: Prioritized Activities, Business Impact Analysis (BIA), Minimum Business Continuity Objective (MBCO), Critical Business Services. BCM Institute's Professional Training and Certification BCMBoK Competency Level BCMBoK 3: Business Impact Analysis CL 2B: Intermediate (BC) BCMBoK Competency Level BCMBoK 3: Business Impact Analysis CL 2D: Intermediate (DR) OR Body of Knowledge OR Competency Level OR BoK 3: P1 Plan CL 1OR: Foundation (OR) Template:ORBoK 3: P1 Plan CL 1ORA Click to know more about expert level training (Source: Business Continuity Management Institute - BCM Institute)

Conducting Your Impact Analysis for Business Continuity Planning (Second Edition)

2. Those activities which have to be performed in order to deliver the key products and services which enable an organization to meet its most important and time-sensitive objectives.

(Source: AE/HSC/NCEMA 7000:2012)

A Manager’s Guide to ISO 22301 Standard for Business Continuity Management System

3. Business activities and processes that shall not be disrupted such that they impact the ability of the organization to achieve its Minimum Business Continuity Objective.

(Source: Singapore Standard 540 - SS 540:2008)

4. Business activities or information that could not be interrupted or unavailable for several business days without significantly jeopardizing operation of the organization.

(Source: Disaster Recovery Institute International / Disaster Recovery Journal - DRII/DRJ)

5. Business activity or process that cannot be interrupted or unavailable for several business days without having a significant negative impact on the organization.

(Source: ASIS International - ASIS International)

6. Key business processes are those processes essential to delivery of outputs and achievement of business objectives.(Australian National Audit office,2000).

(Source: NFPA 1600 Standard on Disaster/Emergency Management and Business Continuity Programs, NFPA 1600:2007)

 

7. Vital business functions without which an organization cannot long operate.If a critical business function is non-operational,the organization could suffer serious legal,financial,goodwill or other serious losses or penalties.

(Source: Australia. A Practitioner's Guide to Business Continuity Management HB292 - 2006 )

8. A group of business activities undertaken by an organization in pursuit of a common goal.Typical business processes include receiving orders,marketing services,selling products,delivering services,distributing products,invoicing for services,accounting for money received.A business process is usually depends upon several business functions for support,e.g.,IT,personnel and accommodation.A business process rarely operates in isolation,i.e.,other business processes will depend on it and it will depend on other processes.

(Source: OGC, Information Technology Infrastructure Library (ITIL) v3)

9. Vital functions without which an organization will either not survive or will lose the capability to effectively achieve its critical objectives.

NOTES:

• A critical business function can comprise a single process or several processes contributing to

a final definable output.

• A critical business function may involve a single structural unit of the organization, or may

involve activities across several structural units.

• A single structural unit may have responsibility for one or more critical business functions.

 

(Source: AS/NZS 5050.1 Australian and New Zealand Standards for business continuity management.

Part 1: Business continuity management system specification)

10. Vital functions without which an organization cannot survive and/or effectively achieve its critical objectives.

NOTES:

• A critical business function can comprise a single process or several processes contributing to

a final definable output.

• A critical business function may involve a single structural unit of the organization, or may

involve activities across several structural units.

• A single structural unit may have responsibility for one or more critical business functions.

(Source: AS/NZS 5050.2 Australian and New Zealand Standards for business continuity management.

Part 2: Business continuity management practice standard)